https://www.taxtmi.com/caselaws?id=389109 The Tribunal held that the revisionary proceedings initiated by the Commissioner of Income Tax under section 263 were not valid as the original assessment order had merged with the Tribunal's order. Consequently, the Tribunal set aside the Commissioner's order under section 263, allowing the appeal of the assessee. The Tribunal emphasized that the Assessing Officer must accept the book results if no defects are found in the regularly maintained books of accounts of the assessee. The decision was pronounced on 20/11/2019. en-us Wed, 20 Nov 2019 00:00:00 +0530 Sat, 30 Nov 2019 16:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389109 The Tribunal held that the revisionary proceedings initiated by the Commissioner of Income Tax under section 263 were not valid as the original assessment order had merged with the Tribunal's order. Consequently, the Tribunal set aside the Commissioner's order under section 263, allowing the appeal of the assessee. The Tribunal emphasized that the Assessing Officer must accept the book results if no defects are found in the regularly maintained books of accounts of the assessee. The decision was pronounced on 20/11/2019. Case-Laws Income Tax Wed, 20 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389109